The following is a summary of the Abacus Life, Inc. (ABL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Abacus Life Inc. reported a significant year-over-year revenue growth of 33% to $28.1 million in Q3 2024.

• Adjusted EBITDA grew by 54% year-over-year to $16.7 million.

• Adjusted net income increased by 65% year-over-year to $14.9 million, or $0.20 per diluted share.

• Capital deployed in Q3 was $93.2 million, up from $56.4 million in the prior-year period.

• Balance sheet showed cash and equivalents of $19.4 million, policy assets valued at $274.4 million, and long-term debt standing at $166.5 million.

Business Progress:

• ABL Tech initiative has seen substantial progress, expecting to exceed one million lives tracked by Q1 2025 through new client acquisitions and outstanding RFP results.

• Announced acquisitions of Carlisle Management Company and FCF Advisors, potentially increasing assets under management by $2.6 billion.

• Launched PREADISAN in partnership with Lorisco, integrating advanced health prediction technologies into their services.

Opportunities:

• Anticipate strong growth from the ABL Tech division as it becomes a major contributor to top-line growth.

• Acquisitions during the quarter expected to significantly expand asset management capabilities and offerings.

• Expansion into health prediction and actuarial tools presents new market opportunities in personalized financial solutions.

Risks:

• Key risks include the realization of business acquisitions and integration risks associated with Carlisle Management Company and FCF Advisors.

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